Title: Light Duty Vehicle Market - Forecast(2021 - 2026)
1Light Duty Vehicle MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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- The market for Light Duty Vehicle is forecast to
reach 560 billion by 2025, growing at a CAGR
of 9.1 from 2020 to 2025. - Demand for light duty vehicle is expected to
increase due to the lower amount of air pollution
that is caused by them. Furthermore, it is
anticipated that strict regulations aimed at
reducing vehicle emissions would stimulate the
adoption of electric light duty trucks and thus
drive the market growth over the forecast period.
- Light duty vehicle tend to emit lower volumes of
air pollutants and are hence turning out to be
the preferred vehicle to transport people and
goods.
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- Key Takeaways
- North America dominated the market in 2019 with a
share of 39 owing to the growing adoption of
electric vehicle in line with the government
initiatives favouring the development and
adoption of electric vehicle and the rollout of
electric vehicle charging infrastructure. - The passenger car segment accounted for 28 of
the market share in 2019 attributed to the
growing adoption of passenger cars by incumbents
of the tourism industry. - One of the major factors boosting the light duty
vehicle market is the increased demand for
Special Utility Vehicles (SUVs) in the recent
years.
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By Distribution Channel- Segment Analysis On the
basis of vehicle type, the market for light duty
vehicle has been further segmented into passenger
car, van, Sports Utility Vehicle (SUV), and
pickup truck. The passenger car segment
accounted for 42 of the market share in
2019. Growth in this segment is attributed to the
growing adoption of passenger cars by incumbents
of the tourism industry
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- Light Duty Vehicle Market Industry Outlook
- BMW
- Diamler AG
- Fiat Chrysler Automobiles
- Ford Motor Company Company
- Fuji Heavy Industries
- General Motors
- Honda Motor
- Hyundai Motors
- Nissan Motor Corporation
- Toyota Motor Corporation
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Light Duty Vehicle - Forecast(2021 -
2026) Learn More About the Report _at_
https//www.industryarc.com/Research/Light-Duty-V
ehicle-Market-Research-501144
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Contact (1) 970-236-3677
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